Lot 3 Michaels Lane

Orwell Cove · MLS® 202607175

Land · Vacant Land · 194 days on market

listed by Christine McAleer, COLDWELL BANKER/PARKER REALTY HUNTER RIVER

realtor's description

Orwell Cove is a picturesque community with stunning water views and easy year-round access. This property offers both water views and sunsets and is truly in one of the prettiest spots on PEI and so convenient being only 25 minutes to Charlottetown. This large lot (1.5 acre) gives you the possibility of building a home with expansive decks and fire pit areas. Enjoy barbecuing and the great outdoors with family and friends. This property is surveyed, has an excellent soil history of perc test category 1 and there are some Covenants and Restrictions in place to protect your investment. Call to view!

property details

type: Land, Vacant Land
parking: 0
property tax: $344 / yr
days on market: 194
MLS®: 202607175

features

Partially cleared

monthly cost

$551/mo

Mortgage $523 · Tax $29

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$523/ monthly

loan $96,000

25-year amortization

down payment20% · $24,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $60,849
cash to close: $24,000; down payment; transfer tax and fees not included
total paid: $156,849

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.